Lone Star Industries Files For Chapter 11

December 11, 1990

Lone Star Industries Inc., a leading supplier of cement and construction materials, filed for bankruptcy protection. The Stamford, Conn.-based company said it and certain subsidiaries filed voluntary petitions for reorganization under Chapter 11 of the U.S. Bankruptcy Code. Lone Star has complained that foreign producers dumping cement in the United States have hurt its profitability. It also has been hard-hit by a slowdown in construction.